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NIO

NIO Inc. announced a strategic investment in its subsidiary NIO China, with a total of RMB13.3 billion to be invested. NIO will invest RMB10 billion, while strategic investors will contribute RMB3.3 billion. This move aims to strengthen NIO's position in the electric vehicle market.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 7:11 am

ADXN

Addex Therapeutics reported a Q2 2024 EPS of CHF0.08 and a cash balance of CHF3.8M. The company experienced a net profit of CHF12.879M for the period, a significant improvement from a loss of CHF2.675M in the previous year. Despite a decrease in cash and cash equivalents, the overall financial performance shows a positive turnaround.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:49 am

ALV

Autoliv, Inc. has reduced its outstanding shares by retiring over 1.3 million repurchased shares, resulting in 78,750,609 shares outstanding as of September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:41 am

NVDA

Former BCG executive Phil Panaro predicts Nvidia's stock could reach $800 by 2030, driven by AI and Web3 advancements. Nvidia's revenue is expected to grow significantly, with a major boost from its upcoming AI chip, Blackwell. Despite some skepticism, Nvidia's innovative approach and market potential remain strong.

Portfolio Pulse from Kaustubh Bagalkote

September 30, 2024 | 6:35 am

CCL

ESP

TRAK

USFD

VRAR

Carnival Corporation, US Foods, ReposiTrak, Espey Mfg. & Electronics, and The Glimpse Group are stocks to watch as U.S. stock futures trade lower. Carnival is expected to report strong earnings, US Foods announced a $500 million note offering, ReposiTrak and Glimpse Group are set to release earnings, and Espey Mfg. reported significant earnings growth.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 6:30 am

SOLUSD

A cryptocurrency analyst predicts a 5x surge for Solana (SOL) by Q4 2025, citing its strong DeFi adoption and potential to lead a blockchain revolution. However, regulatory concerns from the SEC could impact its growth.

Portfolio Pulse from Aniket Verma

September 30, 2024 | 5:57 am

ICE

NFLX

PLTR

TSLA

Elon Musk highlighted a surge in Netflix cancellations after co-founder Reed Hastings donated to Kamala Harris, sparking a #CancelNetflix campaign. Musk pointed out the political donation bias among Netflix employees, who overwhelmingly support Democrats. The news also mentioned Intercontinental Exchange and Palantir Technologies' political donation patterns.

Portfolio Pulse from Ananya Gairola

September 30, 2024 | 5:18 am

FTTUSD

FTX Token (FTT) surged over 60% despite the broader crypto market's decline, driven by rumors of FTX repaying fraud victims, which were later debunked. The token's trading volume spiked 3734%, although it currently has no practical use following FTX's bankruptcy.

Portfolio Pulse from Aniket Verma

September 30, 2024 | 4:13 am

COST

TSM

Economist Ben Golub warns of a potential US shipping strike affecting 36 ports, reminiscent of the 2021-2022 supply chain crisis. The strike could impact industries reliant on complex supply networks, including the semiconductor sector. Companies like Costco are taking measures to mitigate potential disruptions.

Portfolio Pulse from Kaustubh Bagalkote

September 30, 2024 | 3:53 am

META

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg discussed the company's new Orion AR Glasses, which are in the prototype stage and aim to be the next major computing platform after phones. Analysts have re-rated Meta positively following the unveiling of these glasses at the Meta Connect 2024 event.

Portfolio Pulse from Ananya Gairola

September 30, 2024 | 3:12 am